Back to top

Image: Bigstock

American Electric Power (AEP) Q2 Earnings and Revenues Beat

Read MoreHide Full Article

American Electric Power Co., Inc. (AEP - Free Report) is one of the largest integrated utilities in the U.S. Although the company aims to gradually reduce its dependence on coal, it will remain mostly a coal-fired power generator for many years to come.

American Electric Power has a stable earnings base of more than 5.4 million customers spread over 11 states.

Estimate Trend & Surprise History

Investors should note that the second quarter 2018 Zacks Consensus Estimate for earnings of 88 cents per share has increased by 8.6% in the last 60 days.

Investors should note that American Electric Power has surpassed the Zacks Consensus Estimate in only one out of last four quarters, resulting in a negative average surprise of 2.75%.

Zacks Rank: Currently, American Electric Power has a Zacks Rank #3 (Hold). However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change.

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

We have mentioned below some of the vital information from this just-revealed announcement:

Earnings: American Electric Power reported second-quarter 2018 operating earnings of $1.01 per share, beating the Zacks Consensus Estimate of 88 cents per share by 14.8%.

Revenue: The company’s revenues of $4 billion for the second-quarter surpassed the Zacks Consensus Estimate of $3.83 billion by 4.4%.

Check back later for our full write up on this American Electric Power earnings report later!

More Stock News: This Is Bigger than the iPhone!

It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.

Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.

Click here for the 6 trades >>

 


In-Depth Zacks Research for the Tickers Above


Normally $25 each - click below to receive one report FREE:


American Electric Power Company, Inc. (AEP) - free report >>

Published in